The purchase took place back in 2017, initiated by Kuper Sotheby (international realty) and processed by a Bitcoin payment service provider. The first recorded real estate transaction was a single-family home in Austin, Texas. Together, let’s take a look at what the current situation is, how the industry may benefit, and what challenges still need to be addressed. Distributed ledger technology offers greater transparency, expedites contract processes, and brings the traditional Multiple Listing Service (MLS) database to a whole new level.ĭespite the obvious value, cryptocurrency in real estate is still in its infancy. Now, both are viewed as a significant leg up for the market. You can get our headlines via email as well, or follow us on Twitter.īefore not long ago, the real estate industry had nothing to do with blockchain or cryptocurrency. Subscribe to our RSS feed to get the latest realty news.
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